W.E. Donoghue & Co. LLC Decreases Stake in TFS Financial Co. (NASDAQ:TFSL)

W.E. Donoghue & Co. LLC reduced its stake in TFS Financial Co. (NASDAQ:TFSL) by 39.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,460 shares of the bank’s stock after selling 23,495 shares during the period. W.E. Donoghue & Co. LLC’s holdings in TFS Financial were worth $659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TFSL. Nisa Investment Advisors LLC purchased a new position in TFS Financial in the 1st quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in TFS Financial by 503.6% in the 1st quarter. Parallel Advisors LLC now owns 1,684 shares of the bank’s stock worth $28,000 after purchasing an additional 1,405 shares during the period. BNP Paribas Arbitrage SA increased its stake in TFS Financial by 49.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,392 shares of the bank’s stock worth $89,000 after purchasing an additional 1,793 shares during the period. Buffington Mohr McNeal purchased a new position in TFS Financial in the 1st quarter worth approximately $111,000. Finally, Great West Life Assurance Co. Can increased its stake in TFS Financial by 540.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 10,194 shares of the bank’s stock worth $157,000 after purchasing an additional 8,602 shares during the period. 11.65% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on TFSL. BidaskClub cut TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday. TheStreet upgraded TFS Financial from a “c+” rating to a “b-” rating in a research report on Monday, June 3rd. Finally, Zacks Investment Research lowered TFS Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. TFS Financial presently has an average rating of “Hold” and a consensus price target of $18.00.

Shares of TFSL stock traded up $0.10 during trading hours on Friday, reaching $17.61. The company’s stock had a trading volume of 284,804 shares, compared to its average volume of 195,265. The company has a market capitalization of $5.03 billion, a PE ratio of 55.03 and a beta of 0.20. TFS Financial Co. has a one year low of $14.19 and a one year high of $18.61. The business’s fifty day moving average is $18.01. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.50 and a quick ratio of 1.50.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Tuesday, July 30th. The bank reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). The business had revenue of $70.60 million during the quarter, compared to the consensus estimate of $72.80 million. TFS Financial had a return on equity of 4.60% and a net margin of 16.26%. Analysts expect that TFS Financial Co. will post 0.3 earnings per share for the current year.

TFS Financial Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.

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Institutional Ownership by Quarter for TFS Financial (NASDAQ:TFSL)

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